U.S. quits hit record high in August; hiring falls

Published by
Reuters

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans voluntarily quitting their jobs surged to a record high in August, while hiring fell by the most in eight months, underscoring the difficulties that businesses are confronting as they try to fill millions of vacancies. The Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday followed on the heels of news last Friday that the economy created the fewest jobs in nine months in September. The JOLTS report, which also showed more than 10 million vacancies in the economy, was another reflection…

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